Technical Indicators Point to Possible DXY Rebound

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jul 29 2025

Should l Buy DEGEN?

U.S. Dollar Index Trends: The U.S. Dollar Index (DXY) has broken a descending trendline, indicating a potential bullish reversal, although short-term indicators show momentum loss with RSI below 50 and MACD signaling a sell. Key resistance levels are identified between 99.5-104.0, while support is at 97.000 and potentially lower.
US Degen Index Performance: The US Degen Index 6900 has fallen 4.83% to $0.002064 despite 86% of traders expressing bullish sentiment, highlighting bearish pressure. Resistance is noted near $0.002169, with support levels at $0.002000 and $0.001950, suggesting potential volatility due to low trading volume and liquidity.

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Technical Analysis for DEGEN

Technical Sentiment Analysis for Degen (DEGEN) As of , Degen (DEGEN) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEGEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, DEGEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Degen (DEGEN) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.000244	0.000421	0.000599	0.000776	0.000954	0.00113	0.00131
Fibonacci	0.000421	0.000556	0.00064	0.000776	0.000911	0.000995	0.00113

About DEGEN

Degen (DEGEN) started as a reward token for participants in the Farcaster Degen channel. What began as a meme coin now boasts a substantial following of developers, crypto content creators, and enthusiasts who have bought into the coin. During its initial launch, 15% of the total supply was airdropped to active members of the Farcaster's Degen channel, and there are plans to airdrop 70% of the token's total supply eventually.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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